New OECD reports on Turkish economy and corporate governance

18/10/2006 - The OECD has published two major reports on Turkey this week: a report on corporate governance in Turkey on 17 October and an Economic Survey of Turkey on 18 October, coinciding with an official visit to Istanbul and Ankara by the Organisation’s Secretary-General, Angel Gurría.

Corporate Governance in Turkey: A Pilot Study evaluates Turkish corporate governance standards and practices in light of recommendations in the OECD Principles of Corporate Governance. It is the first study of its kind in an OECD member country.

OECD Economic Surveys: Turkey, part of a regular series of country surveys focusing on the economies of OECD member countries, examines the challenges facing Turkey as it seeks to catch up with other, more developed OECD economies. It focuses in particular on the need to simplify regulation in order to enhance competitiveness and reduce incentives to operate in the informal sector. It also looks at challenges in education, agriculture and the nation’s pensions system.

The report on corporate governance in Turkey was presented by Mr. Gurría at a seminar organised by the Capital Markets Board of Turkey.

The economic survey of Turkey was presented jointly with Mr. Abdullah GÜL, Minister of Foreign Affairs at a news conference in Ankara on Wednesday 18 October.

During his official visit to Turkey, Mr. Gurría met with Turkish government ministers, parliamentarians and representatives of Turkish business, as well as Mayor of Istanbul Kadir Topbaş.

For further information and to obtain copies of the reports, journalists are invited to contact Nicole Le Vourch, OECD’s Media Division (tel. 33 1 4524 9700).

Further details of Mr. Gurría'sofficial visit to Turkey can be found here.